I’m working on a economics exercise and need a sample draft to help me learn.1 attachmentsSlide 1 of 1

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1- According to the text, successful firms tend to set up a) an organizational architecture that is complex and decisions are “top-down.” b) an organizational architecture that is least expensive and decisions are “top-down.” c) an organizational architecture that links decision making with decision rights. d) an organizational architecture that keeps decision rights reserved for the senior management. 2- The income effect means that when the price of a good rises a) the buying power of your income falls. b) consumers have an incentive to consume less of the good with a relatively higher price and more of the good with a relatively lower price. c) your preferences also change. d) you buy more normal goods and fewer inferior goods. 3- Suppose canned soup is an inferior good. This means that a) when income rises, more cans of soup

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